* Q2 loss/shr $0.08 vs yr-ago EPS $0.42
* Q2 rev up 18 pct to $117.3 mln
July 28 (Reuters) - Short-line railroad operator RailAmerica Inc reported a quarterly loss, hurt by higher expenses.
The company posted a net loss of $4.2 million, or 8 cents a share, compared with net income of $18.2 million, or 42 cents a share, a year ago.
Revenue rose 18 percent to $117.3 million.
Including charges of $8.5 million for the early retirement of debt and interest rate swap termination costs, the company posted a loss from continuing operations of $4.6 million.
Analysts on average expected the company to earn 6 cents per share, on revenue of $116.6 million, according to Thomson Reuters I/B/E/S.
Labor costs increased $5.6 million while fuel expense was up $3.3 million, with $2.6 million of the increase due to higher prices.
Shares of the Florida-based company closed at $10.67 Wednesday on the New York Stock Exchange.
(Reporting by Shravya Jain in Bangalore; Editing by Unnikrishnan Nair) Keywords: RAILAMERICA / (shravya.jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: shravya.jain.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Q2 rev up 18 pct to $117.3 mln
July 28 (Reuters) - Short-line railroad operator RailAmerica Inc reported a quarterly loss, hurt by higher expenses.
The company posted a net loss of $4.2 million, or 8 cents a share, compared with net income of $18.2 million, or 42 cents a share, a year ago.
Revenue rose 18 percent to $117.3 million.
Including charges of $8.5 million for the early retirement of debt and interest rate swap termination costs, the company posted a loss from continuing operations of $4.6 million.
Analysts on average expected the company to earn 6 cents per share, on revenue of $116.6 million, according to Thomson Reuters I/B/E/S.
Labor costs increased $5.6 million while fuel expense was up $3.3 million, with $2.6 million of the increase due to higher prices.
Shares of the Florida-based company closed at $10.67 Wednesday on the New York Stock Exchange.
(Reporting by Shravya Jain in Bangalore; Editing by Unnikrishnan Nair) Keywords: RAILAMERICA / (shravya.jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: shravya.jain.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.